Monday, October 24, 2011

Caterpillar Stock Soars. BDS irrelevant. Once again

For seven years Anna Baltzer and the US Campaign to end Israel have harassed, pestered, poked, plagued, molested, provoked and annoyed the Peoria Illinois based Caterpillar company, claiming "The National CAT Campaign is making waves every day. From trade unions to churches, citizens of conscience are successfully encouraging their institutions to divest from Caterpillar, Inc"

What do they have to show for their efforts?

Not much apparently.

From Reuters"Caterpillar Inc far exceeded analyst expectations on Monday, reporting a 44 percent quarterly earnings increase due to record revenue, and the company signaled optimism in its 2012 outlook.The Peoria, Illinois, company said it expects full-year 2011 profit and revenue to be at the top end of its previous outlook range due to strong demand. In 2012, the company sees revenue increasing 10 percent to 20 percent above the $58 billion in sales it expects this year, although it continues to make contingency plans for a potential downturn.Caterpillar said it ended the third quarter in one of the healthiest positions in its recent history. Backlog orders standing at record levels and higher commodity prices leading to a favorable environment for its growing mining business. The company expects to post record results in 2011 and improve on those results next year."

The US Campaign has had a long standing vendetta against Caterpillar, calling them the "company which best exemplifies the interest of US corporations in the Occupation".

Join me in asking Anna Baltzer and the US Campaign: How does it feel to be irrelevant?